# Macquarie Basic Home Loan — home loan review

> Reviewed by **Norg Editorial Team**
> Editorial Team, Norg Reviews
> Last reviewed: 2026-05-14T04:48:34.276Z
> Methodology: AussieBanks Review — Home Loans Methodology (v1.0.0)

## Company Overview
- Website: https://www.macquarie.com.au/home-loans/basic-home-loan.html
- ABN: 46008583542
- Founded: 1969
- Regulator licence: AFSL 237502
- Vertical: au-banks

## Overall Rating: 4.7 / 5

Based on 0 detailed reviewer perspectives.

Big-bank security with a near-non-bank price. The Macquarie app is materially better than the Big Four.

## Pros
- Sub-10-day approval times for clean refinance applications

## Cons
- Basic variant has no offset account — must upgrade to Offset for that

## Key Takeaways
### 1. App experience leads the segment

Macquarie's mortgage app shows redraw balance, repayment schedule and rate change history natively — features that Big Four apps either bury or omit.

### 2. Approval speed is a structural advantage

Macquarie's end-to-end digital workflow consistently returns formal approval in 5–10 business days for clean PAYG borrowers. Big Four often takes 3–6 weeks.

### 3. Basic vs Offset variants

Basic has the sharpest headline rate but no offset. Offset adds 10 bps and includes the offset account. Most owner-occupiers benefit from Offset within the first 18 months.

## Detailed Reviews